Latham Advises Sapiens on US$2.5 Billion Acquisition by Advent
Summary
Latham & Watkins advised Sapiens on its agreement to be acquired by Advent for about US$2.5 billion. Sapiens builds SaaS-based software for the insurance industry, making the company relevant to the software vendor market. The deal will pay US$43.50 per share in cash, and Formula Systems will keep a minority stake. The transaction still needs shareholder and regulatory approvals and is expected to close in late 2025 or early 2026.
Classifications
industries
Fintech & Banking
applications
Web and Content Management
AskAI Classifications
Labels
Financial Technology
Portfolio Management Software
Investment Management Software
Linked Companies
SS&C Advent
$100M to $250M
Sapiens International
$500M to $1B